Hapoalim and Mizrahi Tefahot Asked to Make Provisions for a Possible Tax Settlement

Hapoalim and Mizrahi Tefahot Asked to Make Provisions for a Possible Tax Settlement

According to Reuters, a radio in Israel –the Army radio- reported that ‘Israel regulator seek bank provisions to cover possible tax settlements. The concerned institutions are Hapoalim, Israel’s largest bank, and Mizrahi Tefahot, the fourth biggest.

They all declined to comment.

In December 2014, Leumi, another Israeli bank, agreed to pay fines of $400m to settle investigations into whether it helped its wealthy Americans evade taxes.